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Deluxe: 2Q Earnings Snapshot

July 25, 2019

SHOREVIEW, Minn. (AP) _ Deluxe Corp. (DLX) on Thursday reported second-quarter net income of $32.6 million.

On a per-share basis, the Shoreview, Minnesota-based company said it had profit of 75 cents. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $1.64 per share.

The provider of graphic arts design and check printing services posted revenue of $494 million in the period.

For the current quarter ending in October, Deluxe expects its per-share earnings to range from $1.60 to $1.70.

The company said it expects revenue in the range of $490 million to $505 million for the fiscal third quarter.

Deluxe expects full-year earnings in the range of $6.65 to $6.95 per share, with revenue ranging from $2.01 billion to $2.05 billion.

Deluxe shares have climbed 11% since the beginning of the year. The stock has dropped 33% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLX at https://www.zacks.com/ap/DLX

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